Developer of Self-Powered Wireless Device IoT Platform Secures Series B Funding

PsiKick, developer of a self-powered wireless device platform, secured $16.5 million in Series B financing, it said Wednesday. Funding was led by Osage University Partners and joined by existing investors New Enterprise Associates, the University of Michigan Investment in New Technologies Fund and angel investors. PsiKick said its technology building blocks -- wireless connectivity, robust node computation and energy harvesting -- enable scalable “batteryless” IoT. Series B funding will be used to hire additional engineers to develop completely batteryless systems to solve “high impact problems that can’t be solved today,” the company said.